Review on DeFiChain by Jose Palma
DeFiChain (DFI), immutability, wide access to liquidity mining and Staking, good accessibility in its services.
DeFiChain (DFI), It is a project that offers a variety of financial services for the cryptoasset market, likewise it is based on the immutability of the BTC currency, offering a wide variety of services such as loans, tokenization, node execution, wallet application, payments and even trading possibility, these are the services that keeps a project afloat and allows it to be located in the best positions of the ranking of the largest capitalizations. DeFiChain (DFI) is a project with its own network, it has a block explorer with good accessibility for transaction searches, and transactions are kept fast and with good security from its chain.
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But, how could DeFiChain (DFI) be used?
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This DFI token, can be used as a token to operate in the Staking system, which allows receiving rewards or passive income, likewise, with the execution of nodes from the wallet it is possible to obtain rewards. Another good feature of DFI is that it provides a liquidity mining system, which is integrated in its desktop wallet, allowing to generate a good percentage of income.
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What is the DFI token like in the market?
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DeFiChain (DFI), performs optimally, maintains high trading volume, exchanges quickly with currencies such as USDT, BTC, ETH and USDC, also handles high capitalization and due to the amount of services it offers, its immutability, access to manage its assets, it has met with improvements in trading.
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Pros
- It operates in liquidity mining and Proof Of stake, which allows receiving rewards in DeFiChain coins (DFI).
- It provides a wide range of services for the decentralized financial world, as well as for lending, tokenization, trading and even provides automatic payment of investments in smart contracts.
- It has a high market capitalization and its trading volume is high, holding fast deals with digital currencies such as BTC, ETH, USDT and USDC.
- DeFiChain is based on BTC technology.
- It has its own network and its block explorer is simple, but high performance and with transaction and block search bars.
- It has wallet application with support for desktop operating systems, offers DeFiChain coin management tools (DFI), has good interface and has liquidity mining system.
Cons
- Although it has a high trading volume, it does not have Fiat coin trading.
- With no mobile app for Android and IOS ecosystem, the development of a mobile wallet app could provide transaction at any time with DeFiChain coin.
